Banking News – NIC Asia Capital Limited has been appointed as the issue and sales manager for the proposed Initial Public Offering (IPO) of Rupakot Resort Limited.

NIC Asia Capital and Rupakot Resort have signed an agreement under which NIC Asia Capital will provide necessary consultancy and other services related to the proposed IPO issuance and serve as the issue and sales manager.

Rupakot Resort, which has its corporate office in Rupa-6, Maidan, Kaski, is preparing to issue its primary shares to the general public in the future in accordance with prevailing laws. NIC Asia Capital has been appointed to provide the necessary advisory and other services for the IPO process.

Located in the Rupakot area of Pokhara, Rupakot Resort has established itself as a destination in Nepal’s tourism and hospitality sector. The resort is situated in a location offering natural beauty, a peaceful environment, views of the Himalayan range and scenic views of Rupa and Begnas lakes.

The resort said it has been expanding its services with the objective of connecting the tourism potential of the Pokhara Valley with rural and nature-based tourism and developing the Rupakot area as a destination for premium hospitality, nature experiences and leisure.

The resort offers accommodation, food and beverage services, entertainment and leisure facilities, as well as infrastructure for hosting various events and programs.